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<br /> 7'UGF.THER Wl7'H ull thc irnprovcr�►cnts now or hereafter erected on the praperty, and ul�c+�scin�'nts,uppunenunces, and
<br /> I"ixtures nuw ar t�ereufter a purt of the pco{�crty. All nplacements and udditiuns shall also be. cavered by this Securiry
<br /> Instrument.All af the foregaing is referred to in this Sccuriry Instrununt us thc"Propcny."
<br /> BORI:OWFR COV6NANTS thut Barrawcr is lawfully scisccf of thc cst�tc hcreby convcycd und hus thc riglu to grant wxl
<br /> convey the Property und that the Property is unenrumbered, except firr cnc.umbrances of rernrd. E�orruwer wnrcants und wiU �
<br /> defe�xt gener�lly the title to the Propeny uguinst all rlaims ur�d denu►nds,subject tu nny encumbrances oY record.
<br /> THI5 Sf?CURITY INSTRtIMENT combines uniform covcnants far nutional usc nncl nnn-uniform cavenants with limited
<br /> variations by jurisdiction to cunstitute A uniform securlty instrument cavering renl p�operty•
<br /> UNIFORM COVENANTS. Borrower unci Le�xler covensnt a�xl agree us folloa3:
<br /> 1. PAyment ot Princlpr+l atxl I��terest: Prep�,Yment and Ls�te Cha�rges• Horrawer shatl promptly pay when duc thc
<br /> principal uf and interest on the debt cviderx�.eci by the Nute und any pr�cpayment and late ch�rges dirv under the No[e.
<br /> 2. Funds[or TAx�s�nd Insurnnce. Subject to upplicablc luw ar to a written waiver by l.e�xler. &�rrower shall p�y to _
<br /> l.ender on the duy monthly paynknts are due wxier thc Note,until the Note is pald in full,a sum("Funds"1 for.(u)yeady t�a/nes
<br /> anci assessments which may attain pi7arity aver this Security Instrument as a lien on tt�e Property:(b)yearly leasehald p:�y
<br /> or Sraunci rents an the Pmperty.if any;(c)yearly hazard or property insurance premiums:(d)yearly flcwd insurnnce premiums,
<br /> if any; (�)yearly n�rtgagc insurance premiums, if any;und(� any sanu payable by Borcower ta l.eneler, in accordanoa with
<br /> the pmvisions of pamgraph R, in lieu of ttie payment of mortgage insurznce premiums. The.Se items are cuUed"Escrow It�ms." —
<br /> I,e�xier muy, ut uny timo, c�►llect und hold Funds in un nmount nvt ta exceed the muximum a�nount a lender far a fcden:lty
<br /> relntcd mortgagc loan nwy require for Bonower's escm�v account under the federnl Rcul Estute Setdement Procedures Act of
<br /> 1974 as an�encted from time ta time. 12 U.S.C. Section 2601 et seg. ("RESPA"). unless another law that applies ta the Funds
<br /> sets a lesser umount. If sa, I.ender may. at any time, callect and hald Funds in an amaunt not to excecd the lesser amount.
<br /> Lender may estimatc the amount of Funds due on the basis of curren! data and reasonable estimates of cxpenditures of future
<br /> Escrow Items or otherwise in accordance with applicable taw.
<br /> The Fun�ds shall be held in un institution whose deposits are insured by a fuleral agency, instnunentulity, or entity
<br /> (incluJing Lender,if C.encier is such un institution)or in any Federal Home L.oan Bank. I.ender shAll apply the Funds to pay the
<br /> Escrow Items. Lender may not charge Bonower for holding and applying the Funds,annually unalyzing the c.urow nccount,or
<br /> verifying the Esc:row Items,unless L.ender pays Bcrrrowcr interest on the Funds and upplicuble law permits Lender to make such
<br /> n char�e. However,I.ender may require Borrower to pay n one-time charge for an inclependent real estate tax reporting service
<br /> used by l.cndcr in ronnection with this loan, unless upplicabte law provi3es otiterwis�. Li�itcss an agr.;,,sncnt 'ss a� Qr
<br /> ;�mplicable Isw rcquires intcrest to be paid,I.ender shalt not be required to pay Borrower any intcrest or carni�gs on the Funds.
<br /> � t�orrower and Lcnder may ngrec in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrawer.
<br /> without charge, an annual sccounan�of the Funds, showing credits and debits to the Funds nt►ci the putpose for which each
<br /> debit to the Fund�wns mnde.The t=uixds are plalged us ndditionul security for all sums sccured by this Security Instrument.
<br /> If the Funds held by I.ender exccecl the�mounts permitted to be held by appllcnble Inw, Lender shall uccount to Borrower
<br /> � for the excess Funds in uccotdance with the req,uireme�its uf applicuLk iaw. If th�amouat of the Funtls htic!by 1.end�r at eny _
<br /> time is not sufficient to pay the Escrow Items when due,L.endcr ma.y so notify Barcower in writing.and,iu such case Barrower
<br /> ' shull pay to I..onder the omount necessary to muke up the deficiency. Bonower shull make up the deficiency tn no mare than
<br /> twelvc monthly payments, at L.ender's s��le discretion.
<br /> Upon payment in full of all sums sccun�d by ti�is Sesurity Instrument, Lender shull promptly refund to Borrower auy
<br /> Funds hcld by Lender.if. under paragraph Z 1,Lenci�:.z y'�ull ucquire or sell the Fc�perty,Lender,prior to ttw acquisftion or sale
<br /> • of the Prop�rty, shall apply any Funds held by Lendlea.��i the time of acqutisitia4 a��sale as u cmdit aguinst t14e sums secured by
<br /> this Secudry Instrument.
<br /> 3.Application ot Payments.�'`niess applicable�aw provides E�.herwise.�?!�yments received by Lender under parat,^�r�phs
<br /> ( anc12 shall be applied: �rst, to.an�;srepayment cY�a�ges due unt9,r the 1`ar; scrond, to amounts payablc under puregraph 2;
<br /> third,to interest due; fo�rrt'�h,¢o principal duc;and last,to uny late charges c�a: ��ndtr the Note.
<br /> 4. Charges;Liens. 'Borrower shall pay al( taxes.assessments, chargeti.�r`ines and impositions nttributable to the Propecty
<br /> which may attain priority over this Sec:urity Instrumcnt, and leasehold paym�nts or ground rents, if any. Borrawer shall pay
<br /> these obligations in the m:inncr provided in paragraph 2,or if not puid in that manner, Borrower shall pay them on time directly
<br /> ; to thc Fi�:rsnn owed payment. Borrower shull pro�s:�Cy� furnish to Lender all nm�ices of amounts to be paid undcr this paragraph.
<br /> If Borrowcr makes thesc payments directly,Bor�w;:T shall pmmptly furnish tc�{.rndcr receipts cvidcncing r.�e:payments.
<br /> Horrower shall Rromptly discl�arge any lien e����:h has priority over this SfLcr,riry Instrument unless Bv�::�.�}�er: (a)agrees in
<br /> writing to the payment of tiic obligatic,�m�:rasrzd by the lien in a manner acceptiable to L.ender; (b)contests in good faith the lien
<br /> by, or dcfcnds aguinst enforcemene c�1'z�:. lien in, legal ptoc:ecdings which in thc L.ender's opinion operatc to prevent the
<br /> enforecnxnt of the lien:or(c)secut.s dcam thc holder of thc lien an agreeme�t satisfactory to Lender subordinuting the lien to
<br /> tliis Security Instrurenent_ Gf.Lender Jetermincs t6e::,a,ny part of the Proper.�ty n����bject to a licn which rrc�}��ttain priority over
<br /> � this Security Instrurrn�nc, fl.ender may give Bottoa�.��notice identifyin;ehe Ciu•:. Borrvwer shali satis6y t�^r!:ien or take one or
<br /> more di th�actions set fanh above within 10 dayc af thc giving of notice.
<br /> � Form 3b2a 9190
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